Skip to main content

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

Your web browser is out-of-date. For the best experience, please update to a modern browser like Chrome, Edge, Safari or Mozilla Firefox.

Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

Find the current yield for the fund on the segregated fund overview & performance website (Fundata).Opens a new website in a new window

The High Interest Savings fund is a segregated fund that offers a higher rate compared to traditional savings accounts. Because it’s a segregated fund, you also benefit from the features of a segregated fund policy.

This fund might be a good fit for you if you’re:
  • Saving for the short-term
  • Looking to earn a return greater than what typical chequing or savings accounts offer
  • Seeking a flexible solution that lets you move money into a longer-term investment funds over time

  • Your money is invested in high-interest bank deposit accounts, so you can be confident your money is held securely.
  • Since it’s a segregated fund, you get the added benefit of insurance protection from features like maturity and death benefit guarantees and potential creditor protection.1
  • Helps grow your money faster compared to traditional savings accounts.
  • You get easy access to your money with no lock-in periods, maturity dates or withdrawal penalties. 
  • You can set up automatic transfers to move your money into other funds to benefit from greater long-term growth potential. 

High Interest Savings fund features

Currency
Canadian dollar
Interest calculation
Calculated and added to your unit value every day.
Underlying investments
100% invested in the IPC High Interest Savings Fund.2 The fund invests primarily in high interest deposit accounts directly, and/or by investing in other investment funds.
Eligible policy types
All registered and non-registered policies.
Available series
Standard series, Partner, Preferred series 1, Preferred partner, Preferred series 2. 
Available guarantee levels
75/75, 75/100, 100/100.
Investment minimums
No fund specific minimums. See information folder.
Other features
No lock-in periods, maturity dates or withdrawal penalties.

Featured Articles

Related to a High Interest Savings fund

Creditor protection depends on court decisions and applicable legislation, which can be subject to change and can vary from each province; it can never be guaranteed. Talk to your lawyer to find out more about the potential for creditor protection for your specific situation.
The IPC High Interest Savings Fund is managed by Counsel Portfolio Services Inc. A description of the key features of the segregated fund policy is contained in the information folder. Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value. This fund is available through a segregated funds policy issued by The Canada Life Assurance Company.